Updated almost 7 years ago on . Most recent reply
Phoenix Arizona Market
Hello,
I am looking to invest in a multifamily 2-4 units in Phoenix with one to live in- can someone direct me to areas that are upcoming and some guidance on PHX market as a whole .
Thank you in advance
Most Popular Reply
@Bryan Schiessl I think I may be able to help here.
The following is a map that shows the concentrations of 2-4 unit multifamily buildings in various areas within the Phoenix market. The data comes from the most recent American Community Survey. There are an estimated 57,983 2-4 unit structure in the Phoenix Area.
link to high res: https://www.dropbox.com/s/vtjem3l039cm0iw/Phoenix_...
As @Pamela Sandberg stated, these kinds of properties typically are situated in riskier areas and the data backs that claim up.
This chart shows the average percentage of structures that are 2-4 unit buildings, tabulated by the areas risk score (A to F)
The correlation is strong for sure. That being said, there are areas with 2-4 unit buildings that are C or higher grade.
The last map show the risk score for the Phoenix market, which if you don't know what that means, you should read this:
https://www.biggerpockets.com/blog/2015/12/09/class-a-b-c-d-real-estate/
Hope this helps!